What else is happening…
Trump win would give equities a 3- to 6-month rally before a snuff out.
Taiwan Semiconductor (TSM) soars after AI demand boosts outlook.
Expedia (EXPE) gains after report Uber (UBER) explored potential takeover.
Netflix (NFLX) subscriber addition, ad-tier growth in focus during Q3 results.
SpaceX sues California regulator, claiming political bias against launches.
Deere (DE) to cut nearly 300 more jobs in Iowa as farm economy weakens.
Apple (AAPL) could lose third of Google revenue by 2028 from antitrust case.
Moody’s lowers outlook for Southwest (LUV) as strategy initiatives present risks.
China’s housing ministry gears up to support struggling property sector.
Investors should add to small- and mid-cap stocks on valuations, Fed’s outlook.
Today’s Markets
In Asia, Japan -0.7%. Hong Kong -1.0%. China -1.1%. India -0.6%.
In Europe, at midday, London +0.4%. Paris +1.2%. Frankfurt +0.7%.
Futures at 6:30, Dow flat. S&P +0.4%. Nasdaq +0.8%. Crude +0.3% at $70.62. Gold +0.3% to $2,699.30. Bitcoin -0.9% to $67,139.69.
Ten-year Treasury Yield +2 bps to 4.04%.
Today’s Economic Calendar
08:30 AM Jobless Claims
08:30 AM Retail Sales
08:30 AM Philly Fed Business Outlook
09:15 AM Industrial Production
10:00 AM Business Inventories
10:00 AM Housing Market Index
10:30 AM EIA Natural Gas Inventory
11:00 AM EIA Petroleum Inventories
11:00 AM Fed’s Goolsbee Speech
04:00 PM Treasury International Capital
04:30 PM Fed Balance Sheet
Companies reporting earnings today »
Wall Street Breakfast: Atomic Shift
